Problem - The following information is available for the first month of operations of Zahorik Company, a manufacturer of mechanical pencils:

Salaries 360,000

Gross profit 210,000

Cost of goods manufactured 180,000

Indirect labor 78,000

Factory depreciation 12,000

Material purchased 111,000

Total manufacturing costs for the period 207,000

Materials inventory 15,000

Using the above information, determine the following missing amounts:

a) Cost of goods sold 150,000

b) Finished goods inventory

c) Direct materials cost

d) Direct labor cost

e) Work in process inventory